Ziegler Closes $60 Million Financing for Rose Villa, Inc.

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Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $60,610,000 unrated, fixed-rate Series 2014 Bond issue for Rose Villa, Inc. Rose Villa, Inc. (Rose Villa, or the Borrower) is an Oregon not-for-profit corporation and 501(c)(3) corporation established in 1957 to provide housing and supportive services to people aged 55 years and older in an independent setting.

It has been exciting to see Rose Villa’s very focused team craft such an interesting and somewhat unique redevelopment plan, with their award-winning ‘pocket neighborhood’ concept. The campus has really stayed true to its niche...

Chicago, IL (PRWEB)July 07, 2014

Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $60,610,000 unrated, fixed-rate Series 2014 Bond issue for Rose Villa, Inc. Rose Villa, Inc. (Rose Villa, or the Borrower) is an Oregon not-for-profit corporation and 501(c)(3) corporation established in 1957 to provide housing and supportive services to people aged 55 years and older in an independent setting.

Today, the Borrower owns and operates a continuing care retirement community providing independent living and 24-hour nursing care to approximately 200 residents on a 21.5-acre site southeast of Portland, Oregon in unincorporated Clackamas County. While the community was originally comprised of 260 independent living apartments, management has reduced the number of units over the years by combining units to meet market preferences for larger units, removing a number of units, reassigning units for office and other common space usage, and in the past two years, taking units out of inventory at turnover in anticipation of the Project. Currently, there are 134 independent living apartments in inventory.

Proceeds of the Bonds will be used to (i) fund the redevelopment of the community, including the addition of 75 new independent living apartments (including 40 cottage homes in one-story buildings and 35 apartments), and a “Main Street” commons featuring a performing arts center, wellness center, spa, newsroom, library, technology and learning center and other common areas, and internal and external renovation of existing apartments upon turnover of current residents (collectively, the Project); (ii) finance a debt service reserve fund; and (iii) fund a portion of interest and certain costs of issuance of the Bonds.

Mary Muñoz, Managing Director in Ziegler’s Senior Living practice, stated, “It has been exciting to see Rose Villa’s very focused team craft such an interesting and somewhat unique redevelopment plan, with their award-winning ‘pocket neighborhood’ concept. The campus has really stayed true to its niche in the greater Portland market, and for that reason and more, we see great long-term success here. We give management and the development team a lot of credit for aggressively moving to prepare for the future. It has been an honor to be part of the team.”

Ziegler is one of the nation’s leading underwriters of financing for not-for-profit senior living providers. Ziegler offers creative, tailored solutions to its senior living clientele, including investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication.

For further information on the structure and use of this issue, please see the Official Statement located on the Electronic Municipal Market Access system's Document Archive.

About Ziegler:
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), together with its affiliates (Ziegler), is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion, and education, as well as general municipal and structured finance. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, corporate finance, FHA/HUD, strategic advisory services and research. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.
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